GARP Research Maintains a 'Buy' on MICROS Systems (MCRS); Impressive Double-Digit Rev Growth Plus Acquisition of Torex
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Price: $67.99 --0%
Rating Summary:
0 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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GARP Research maintains a 'Buy' on MICROS Systems (NASDAQ: MCRS).
Analyst, Rob Furlong, said, "Micros is far and away the leading provider of information systems for the hospitality industry (restaurants and hotels). Aggressive cost cutting and top-line gains, which have lingered at or near double-digit rates for nine quarters in a row, have expanded margins to above 20%. We think this will continue. Even if we are wrong about the near term, we are intrigued by the company’s long-term potential. Penetration rates of its core customers remain below 30%, and Micros continues to broaden its addressable market. In the meantime, the company boasts a strong balance sheet."
Furlong sees FY12 EPS of $2.13 on revs of $1.1 billion.
For an analyst ratings summary and ratings history on MICROS Systems click here. For more ratings news on MICROS Systems click here.
Shares of MICROS Systems closed at $57.44 yesterday.
Analyst, Rob Furlong, said, "Micros is far and away the leading provider of information systems for the hospitality industry (restaurants and hotels). Aggressive cost cutting and top-line gains, which have lingered at or near double-digit rates for nine quarters in a row, have expanded margins to above 20%. We think this will continue. Even if we are wrong about the near term, we are intrigued by the company’s long-term potential. Penetration rates of its core customers remain below 30%, and Micros continues to broaden its addressable market. In the meantime, the company boasts a strong balance sheet."
Furlong sees FY12 EPS of $2.13 on revs of $1.1 billion.
For an analyst ratings summary and ratings history on MICROS Systems click here. For more ratings news on MICROS Systems click here.
Shares of MICROS Systems closed at $57.44 yesterday.
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